2021-11-22T16:22:22-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 SW 129 COURT STE 201 MIAMI FL 331864582 990 2020-01-01 591517872 ORLANDO CREDIT UNION ORLA 4078353500 945 S ORANGE AVE ORLANDO FL 32806 THOMAS DOBBS CFO 4078353510 2021-11-22 1 THOMAS DOBBS 999009999 DOUGLAS J ORTH P01076394 3052328272 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUZANNE WEINSTEIN 945 S ORANGE AVE ORLANDO FL 32806 14044383 0 2106 X ORLANDOCREDITUNION.ORG X 1936 FL ORLANDO CREDIT UNION WAS FOUNDED ON THE UNIVERSAL CREDIT UNION CREED OF NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE." IT'S WHY NEARLY 25,000 MEMBERS TURN TO US STILL, MORE THAN 80 YEARS AFTER WE WERE FOUNDED. 7 7 105 10 133326 0 0 0 8600966 12530813 1953371 545302 4667758 0 15222095 13076115 0 0 0 0 6013643 5968971 0 0 0 8057864 7741772 14071507 13710743 1150588 -634628 247618580 283024217 225397716 261234387 22220864 21789830 ORLANDO CREDIT UNION WAS FOUNDED ON THE UNIVERSAL CREDIT UNION CREED OF NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE." IT'S WHY NEARLY 25,000 MEMBERS TURN TO US STILL, MORE THAN 80 YEARS AFTER WE WERE FOUNDED. 0 0 INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3881 0 1 105 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X THOMAS DOBBS 4078353500 945 S ORANGE AVE ORLANDO FL 32806 CHICK METCALF BOARD OF DIRECTORS-CHAIRPERSON 0.50 X 0 0 0 FJ FLYNN BOARD OF DIRECTORS-VICE CHAIRPERSON 0.50 X 0 0 0 LAWRENCE STRAWN BOARD OF DIRECTORS-SECRETARY 0.50 X 0 0 0 GRACE CHEWNING BOARD OF DIRECTORS-TREASURER 0.50 X 0 0 0 VINCE PRESTON BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 CHRIS MCCULLION BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 MARIA NEFF CAULDER BOARD OF DIRECTORS-DIRECTOR 0.50 X 0 0 0 SUZANNE WEINSTEIN PRESIDENT/CEO 50.00 X 368466 0 226639 THOMAS DOBBS CFO 50.00 X 170465 0 27488 TONY NIETO VP OF LENDING 50.00 X 163831 0 32379 SHARON BARRY VP OF MEMBER EXPERIENCE 50.00 X 134977 0 19240 CLIFF SWEET VP OF RETAIL OPERATIONS 50.00 X 146267 0 32974 CAROL MEYER VP OF HR 50.00 X 118626 0 20083 VICTOR GONZALEZ VP OF IT 50.00 X 123230 0 3165 RABIH MOHAMAD-ALI MORTGAGE LOAN OFFICER 50.00 X 121665 0 7571 1347527 0 369539 10 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 SOFTWARE COMPANY 203798 SALESFORCECOM INC PO BOX 203141 DALLAS TX 75320 MARKETING COMPANY 199625 SCOTT RANDOLPH TAX COLLECTOR PO BOX 545100 ORLANDO FL 32854 COUNTY TAX COLLECTOR 141044 HEMBREE CONSTRUCTIONINC 4397-36TH STREET SW ORLANDO FL 32811 GENERAL CONTRACTOR 119861 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL TECHNOLOGY SERVICES 102497 5 LOAN INCOME 522100 8600434 8600434 OTHER INCOME 522100 3029457 3029457 FEES AND CHARGES 522100 767596 767596 FINANCE AND INSURANCE 520000 133326 133326 12530813 533909 533909 979661 968268 11393 11393 11393 13076115 12942789 133326 0 X 989268 3734693 200726 277578 766706 71598 51470 447751 346691 370589 1668132 529680 11121 1021682 772297 104289 DEBIT CARD 669376 PROVISION LOAN LOSS 661399 CREDIT CARD 267984 LOAN SERVICING 197085 550628 13710743 2106824 4726145 21203917 65011536 133918 132334 176149758 177202681 659031 517187 20154393 6896447 12824624 13257946 25130144 10940076 5910982 1123000 3499382 10113312 247618580 283024217 3330251 3307218 222067465 257927169 225397716 261234387 X 0 0 0 0 22220864 21789830 22220864 21789830 247618580 283024217 -634628 203594 0 X X 0 1 X 1 0 5493787 5493787 9105821 2886595 6219226 245085 37715 207370 5309700 3972137 1337563 13257946 SAVINGS 101184725 SHARE DRAFT 55264157 SHARE CERTIFICATES 29666772 IRA SHARES 7272551 IRA CERTIFICATES 4070357 MONEY MARKET 60248590 ESCROW 220017 257927169 X 13076115 0 13076115 0 13076115 13710743 0 13710743 0 13710743 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. X X X 0 1 0 SUZANNE WEINSTEIN PRESIDENT/CEO 259339 0 38900 0 70227 0 204524 0 22115 0 595105 0 0 0 THOMAS DOBBS CFO 157178 0 13287 0 0 0 10121 0 17367 0 197953 0 0 0 TONY NIETO VP OF LENDING 150449 0 13382 0 0 0 10146 0 22233 0 196210 0 0 0 CLIFF SWEET VP OF RETAIL OPERATIONS 134878 0 11389 0 0 0 9066 0 23908 0 179241 0 0 0 SHARON BARRY VP OF MEMBER EXPERIENCE 130033 0 4944 0 0 0 8464 0 10776 0 154217 0 0 0 PART I, LINE 4B THE CEO, SUZANNE WEINSTEIN, PARTICIPATES IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. THE CREDIT UNION ACCRUED APPROXIMATELY $189,000 TOWARD THIS BENEFIT DURING THE YEAR ENDED DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO & CFO WILL REVIEW THE FORM 990 FOR ACCURACY AS COMPARED TO THEIR AVAILABLE SUPPORTING DOCUMENTS. HOWEVER, THEY ARE NOT TAX EXPERTS SO THERE IS A HEAVY RELIANCE ON THE PREPARING PARTY. FORM 990, PART VI, SECTION B, LINE 12C A RELATED PARTY & CODE OF BUSINESS ETHICS FORM IS EMAILED OUT ANNUALLY BY THE HUMAN RESOURCES DEPARTMENT. THEY FOLLOW UP TO ENSURE ALL FORMS ARE SIGNED AND RETURNED. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED BY COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE IN THE FORM THE THE QUARTERLY CALL REPORT ON NCUA.GOV. FORM 990, PART IX, LINE 24E SHARE LOSSES 111,832. HUMAN RESOURCES 110,364. MISCELLANEOUS 99,815. SHARED BRANCHING 92,815. ASSOCIATION DUES 57,861. NCUA OPERATING FEE 53,469. CHECKING 22,047. CASH OVER AND SHORT 2,425. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.